TML CV Holdings B.V., a subsidiary of Tata Motors, has announced the final results of its voluntary tender offer for Iveco Group N.V. shares. The offer successfully led to the acquisition of an additional 18,203,217 Common Shares during the reopening of terms, bringing the total shareholding to approximately 96.25% of the Issuer’s common share capital. Consequently, TML CV Holdings B.V. will initiate the Dutch legal squeeze-out process for the remaining shares.
TML CV Holdings B.V. Finalizes Iveco Group Tender Offer
Tata Motors Limited, through its wholly-owned subsidiary TML CV Holdings B.V., has announced the conclusive results of its voluntary totalitarian tender offer for all common shares of Iveco Group N.V. The reopening of the offer terms concluded on November 9, 2026, with a total of 18,203,217 Common Shares tendered and accepted. This significant participation has resulted in TML CV Holdings B.V. achieving an aggregate shareholding of approximately 96.25% of Iveco Group’s common share capital, net of treasury shares.
Key Financial and Operational Details
The total value of shares tendered during the reopening period amounts to EUR 262,126,324.80, based on a revised price of EUR 14.40 per share (cum dividend). The payment for these tendered shares is scheduled for November 13, 2026. Following the successful completion of the offer, TML CV Holdings B.V. will hold 256,360,429 Common Shares.
Initiation of Dutch Legal Squeeze-Out
With its aggregate shareholding, along with its affiliates, reaching at least 95% of Iveco Group’s issued and outstanding common shares, TML CV Holdings B.V. has announced its intention to commence the Dutch legal squeeze-out process. This action pertains to the remaining approximately 3.68% of common shares not yet held by the Offeror. The timing and modalities of the Dutch legal squeeze-out will be communicated in a separate press release.
Source: BSE
